Fuel prices could rise again as Opec cuts production

Major oil-producing countries have decided to cut oil production by two million barrels per day – could this mean higher fuel prices?

Petrol pumps
(Image credit: P© Getty Images/iStockphoto)

Just as fuel prices were sliding down, it looks like motorists could be hit with an increase again due to a steep production cut announced by Opec+, a group made up of some of the world’s top oil-producing countries.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.